Prices in Mozambique rose again in April – INE

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Prices in Mozambique rose again in April – INE

12:45 CAT | 12 May 2016

Mozambique posted price inflation of 2.23 percent in April, against 1.33 percent in March and 0.98 percent in the same month in 2015.

Consumer price index data shows accumulated inflation in the first four months of this year at 8.71 percent, compared to 2.47 percent recorded from January to April last year.

Price rises in April were mainly influenced by food and alcohol, with a 3.82 percent rise, says INE.

Of the three main cities where data for the index is collected, Sofala capital Beira recorded the largest increase with 2.51 percent, followed by Nampula (2.4 percent), and Maputo (2.0 percent).

The inflation rate in Mozambique has risen continuously since the end of last year, and joins a sharp depreciation of the metical, the fall in global prices of raw materials, a decline in exports and natural disasters plaguing the country.

Source: Lusa